Deal Insight

Marathon increases Eagle Ford position with US$750 million acquisition

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Report summary

Marathon is increasing its already considerable footprint in the liquids rich sections of the Eagle Ford Shale play in South Texas. It will acquire Paloma Partners II, a partnership led by private E&P player Paloma Resources, and funded by EnCap and Macquarie. A cash consideration of US$750 million will be paid, in return for 17,000 net acres and 7,000 boe/d (70% liquids) of flowing production. Our valuation points to this being an excellent bolt-on acquisition for Marathon. We value ...

What's included

This report contains

  • Document

    Marathon increases Eagle Ford position with US$750 million acquisition

    PDF 403.26 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • Marathon
    • Paloma Partners II LLC
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

Images

  • Wood Mackenzie base NPV10 sensitivity to liquid and gas volumes
  • Eagle Ford deals - unadjusted acreage costs

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